date:Jul 07, 2015
omy.
The ChAFTA will greatly lower hurdles for Chinese investment, said Li Jian, a foreign trade researcher with the Chinese Ministry of Commerce.
David Liao Yi-chien, president and CEO of HSBC China, expected an increasing number of Chinese private firms to invest based on bonuses provided by the agreement.
More investment will go to sectors such as services, tourism, agriculture and infrastructure, he said.
The pact will also boost cross-border renminbi settlement by Australian companies.